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Illustration 6
Indirect Taxation
answered on 20-May-25 13:27
Penalty of 10000 or 10% of tax (higher) shall be levied in case of tax is paid within 30 days from issuance of order or paid after 30 days from issue of order u/s 73. so in my opinion notice has been issued on 10th aug and tax paid on 25th aug i.e less than 30 days and hence no penalty shall be levied as it is notice and not order.
latest answer
Trust this clarifies.
Neha Pradhan
CA Final
★ 9K+
3
206
Accounts
CFA
answered on 15-May-25 15:37
Under converged accounting standards for revenue recognition,revenue is accounted only when A. it is highly probable that it will not be substantially reversed B. All performance obligations within a contract have been met while transaction price can be allocated to each identified performance obligations Correct ans A but B also seems right to me pls explain
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Thank you doubt cleared now
Dhakshana Dhakshana
CFA L2
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1
163
Cost benefit analysis
Financial Management
answered on 15-May-25 16:14
Sir, in exams, is it necessary to write both alternative methods, or will one correct method be enough?
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Usually sufficient - depends on the way the question has been framed and number of marks for question too
anju B
CA Inter
★ 21K+
1
155
Portfolio management
CFA
answered on 15-May-25 14:20
C is the ans pls explain I can't understand
latest answer
yes. the efficient frontier curve starts from global minimum variance portfolio point
Dhakshana Dhakshana
CFA L2
★ 18K+
5
222
Illustration 8
Financial Reporting
answered on 19-May-25 12:21
For the year 2, estimated output over life is 3,70,000/- (in which Year 1 output is not included) Now in year 3, why the 2nd year output is included?
latest answer
End of Year 1, there is no change in estimate. If there is a change in estimate, we consider prospective depreciation.
Manasa Kondepu
CA Final
★ 3K+
1
156
A/c of Co
Corporate & Other Laws
answered on 21-May-25 00:57
1) if CFS and standalone fin st are submitted already then why additionally aoc 1 to roc ? 2) what's the diff between exception to manner of CFS and preparation of CFS ? 3) point 3 it would be specifically for FY 14-15 ? Cause even foreign subs we need to prepare CFS ?
latest answer
1) To give details of subsidiaries, associate companies, or joint ventures 2) Exception of manner means CFS is mandatory, but presentation may be different from this section. Exemption from prep of CFS means CFS itself is not mandatory. 3) only FY 2014-15 4) section talks about exemption from CFS preparation. Such companies need not follow Accounting standards. They may just follow schedule III if they are preparing CFS. 5) Its optional. Not mandatory for such companies to make CFS. They may just follow schedule III if they are preparing CFS.
Sushmita Chowdhury
CA Inter
★ 2K+
3
231
Computation of IRR
AFM
answered on 14-May-25 21:11
Sir, Can you please clarify the following point: Can I assume that we have received the initial inflow on short selling of Rs. 56,000 on Day-0 and paid 45,000 for the purchase of shares on year end, and consider the same for IRR computation instead of Net amount of 11,000/- on year end??
latest answer
Yes but u have to consider all other expenses also I explained in last 2 minutes
Chaitanya Sai Gupta
CA Final
★ 4K+
1
189
Mock test series
Others
answered on 15-May-25 03:19
If I buy a mock test series course on 1fin what will be the validity of that course ?
latest answer
Will add.
Anirved Rahatgaonkar
CA Inter
★ 0
3
174
Working capital
Financial Management
answered on 14-May-25 19:13
Hi sir, Can you please give another example as how increase in working capital means decrease in cash . I still not get it after watching it 2 times .
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Wc Inc
Nagachaitanya Nomula
CA Final
★ 8K+
1
191
Sum of n terms of of series
Maths & Stats
answered on 14-May-25 19:10
How to solve question from 55 to 60
latest answer
Pls buy our quant solutions book https://www.indigolearn.com/course/Quantitative-Aptitude-Book-New/kwmuym?catalogId=cdedmf All answers available there - attaching relevant pages for now
Gurukanta Singh
CA Foundation
★ 19K+
1
265